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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Location and Fair Value Amounts of Cash Flow Hedges
The following table provides information on the location and fair value amounts of our cash flow hedges and net investment hedges as of September 30, 2025 and December 31, 2024:

(in millions)September 30, December 31,
Balance Sheet Location20252024
Derivatives designated as cash flow hedges:
Prepaid and other current assets Foreign exchange forward contracts$5 $4 
Other current liabilitiesForeign exchange forward contracts$13 $5 
Derivatives designated as net investment hedges:
Other non-current assets Cross currency swaps$— $58 
Other non-current liabilitiesCross currency swaps$327 $2 
Schedule of Pre-tax Gains (Losses) on Cash Flow Hedges
The following table provides information on the location and amounts of pre-tax gains (losses) on our cash flow hedges and net investment hedges for the periods ended September 30:
Three Months
(in millions)Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)Location of Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)
2025202420252024
Cash flow hedges - designated as hedging instruments
Foreign exchange forward contracts$(12)$— Revenue, Selling and general expenses$1 $3 
Interest rate swap contracts$— $— Interest expense, net$— $— 
Net investment hedges - designated as hedging instruments
Cross currency swaps$33 $(104)Interest expense, net$(1)$(1)
Nine Months
(in millions)Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)Location of Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)
2025202420252024
Cash flow hedges - designated as hedging instruments
Foreign exchange forward contracts$(7)$(1)Revenue, Selling and general expenses$5 $8 
Interest rate swap contracts$— $20 Interest expense, net$— $— 
Net investment hedges - designated as hedging instruments
Cross currency swaps$(386)$(58)Interest expense, net$(3)$(3)
Schedule of Cash Flow Hedges included in AOCI
The activity related to the change in unrealized gains (losses) in accumulated other comprehensive loss was as follows for the periods ended September 30:
(in millions)Three MonthsNine Months
2025202420252024
Cash Flow Hedges
Foreign exchange forward contracts
Net unrealized gains on cash flow hedges, net of taxes, beginning of period$4 $5 $1 $5 
Change in fair value, net of tax(8)3 (1)8 
Reclassification into earnings, net of tax(1)(3)(5)(8)
Net unrealized (losses) gains on cash flow hedges, net of taxes, end of period$(5)$5 $(5)$5 
Interest rate swap contracts
Net unrealized gains on cash flow hedges, net of taxes, beginning of period$99 $100 $99 $84 
Change in fair value, net of tax— — — 16 
Reclassification into earnings, net of tax— — — — 
Net unrealized gains on cash flow hedges, net of taxes, end of period$99 $100 $99 $100 
Net Investment Hedges
Net unrealized gains (losses) on net investment hedges, net of taxes, beginning of period$(283)$14 $33 $(21)
Change in fair value, net of tax24 (79)(294)(46)
Reclassification into earnings, net of tax1 1 3 3 
Net unrealized losses on net investment hedges, net of taxes, end of period$(258)$(64)$(258)$(64)